Is Southeast Gainesville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southeast Gainesville was a Buyer's Market.
Key Takeaway
Southeast Gainesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Gainesville, FL
How much do homes in Southeast Gainesville, FL cost?
Median Sold Price
$197,918
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southeast Gainesville have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Southeast Gainesville was $197,918 in May 2024, up 13.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $132.5K | +20.5% |
| 3 Bedrooms | $185K | $199.7K | +8.0% |
| 4 Bedrooms | $190K | $225K | +18.4% |
| 5+ Bedrooms | $195K | $269.9K | +38.4% |
Summary: Southeast Gainesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 38.4%.
Housing Supply in Southeast Gainesville, FL
How many homes are available in Southeast Gainesville, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Southeast Gainesville real estate market had 46 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Southeast Gainesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Gainesville, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Southeast Gainesville in May 2024, up by 87.5% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Southeast Gainesville, FL
How long does it take to sell a home in Southeast Gainesville, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 39 Days | +685.3% |
Summary: Homes in Southeast Gainesville had an average of 39 days on market in May 2024, up by 685.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Gainesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Southeast Gainesville; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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